Why is Fitbit stock untradeable?
May 11, 2021 · FIT Fitbit — Stock Price and Discussion | Stocktwits. Fitbit NYSE Updated May 11, 2021 4:00 AM. FIT 6.93 0.00 (0.00%) Post-Market 0.06 (0.86%) 48,175. Key Data. 52wk Low 5.85.
How to buy Fitbit stock?
Apr 06, 2022 · Quick summary: Fitbit had a brief run as a public company from 2015 to 2021 under the stock symbol FIT. After a strong IPO, the stock sunk into penny stock territory before being acquired by Google parent company Alphabet (ticker symbol: GOOG) in early 2021.
How much does Fitbit Pay?
Apr 01, 2022 · Fitbit Stock Forecast, Price & News Notice: This company has been marked as potentially delisted and may not be actively trading. Add. Compare. Share . Today's Range $6.93 $6.93. 50-Day Range $6.78 $7.06. 52-Week Range $5.85 $7.34. Volume 1,751 shs. Average Volume N/A. Market Capitalization $1.70 billion. P/E Ratio N/A ...
What is a cheaper alternative to Fitbit?
Jan 15, 2021 · Fitbit stock becoming untradeable has to do with a deal the fitness device maker inked with Google more than a year ago. In Nov. 2019, Fitbit announced that Google would acquire it. Google agreed...
Can you still buy Fitbit stock?
Why is Fitbit stock not available?
What happens to Fitbit stock after buyout?
How much is Fitbit stock worth?
How were Fitbit's earnings last quarter?
Fitbit, Inc. (NYSE:FIT) released its earnings results on Wednesday, August, 5th. The scientific and technical instruments company reported ($0.12)...
Who are Fitbit's key executives?
Fitbit's management team includes the following people: Mr. James Park , Co-Founder, Chairman, CEO & Pres (Age 44, Pay $2M) Mr. Eric N. Friedman...
Who are some of Fitbit's key competitors?
Some companies that are related to Fitbit include Omnicell (OMCL) , Capcom (CCOEY) , Super Micro Computer (SMCI) , Zepp Health (ZEPP) , One St...
What other stocks do shareholders of Fitbit own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Fitbit investors own include PayPal (PYPL) , Netflix (NFL...
When did Fitbit IPO?
(FIT) raised $448 million in an IPO on Thursday, June 18th 2015. The company issued 29,900,000 shares at a price of $14.00-$16.00 per share. Morgan...
What is Fitbit's stock symbol?
Fitbit trades on the New York Stock Exchange (NYSE) under the ticker symbol "FIT."
What is Fitbit's stock price today?
One share of FIT stock can currently be purchased for approximately $6.93.
How much money does Fitbit make?
Fitbit has a market capitalization of $1.70 billion and generates $1.43 billion in revenue each year. The scientific and technical instruments comp...
How many employees does Fitbit have?
Fitbit employs 1,684 workers across the globe.
What does a hold rating mean on Fitbit?
A hold rating indicates that analysts believe investors should maintain any existing positions they have in FIT, but not buy additional shares or sell existing shares. View analyst ratings for Fitbit or view top-rated stocks.
Who underwrote the IPO?
Morgan Stanley, Deutsche Bank Securities and BofAMerrill Lynch acted as the underwriters for the IPO and Barclays, SunTrust Robinson Humphrey, Piper Jaffray, Raymond James, Stifel and William Blair were co-managers.
Is Fitbit a hold?
Wall Street analysts have given Fitbit a "Hold" rating , but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fitbit wasn't one of them.
What happens to Fitbit stock?
What happens with Fitbit stock now that it's untradeable? Fitbit stock becoming untradeable has to do with a deal the fitness device maker inked with Google more than a year ago. In Nov. 2019, Fitbit announced that Google would acquire it. Google agreed to purchase Fitbit for $7.35 per share, valuing the fitness specialist at $2.1 billion.
How much did Google buy Fitbit?
Google agreed to purchase Fitbit for $7.35 per share , valuing the fitness specialist at $2.1 billion. Google fought Facebook for the chance to buy Fitbit. In the end, it agreed to spend more on the deal than it had intended.
Is Fitbit a part of Alphabet?
Moreover, Fitbit should be a boost to Alphabet’s digital health business. Alphabet is the parent company of Google, self-driving and ride-hailing service provider Waymo, and life science startup Verily. Digital health is another promising space for Google and Alphabet in their bid to diversify outside advertising.
Will Fitbit stock convert to Google?
As Google agreed to pay for the Fitbit acquisition in cash rather than stock or a mix of both, Fitbit stock will not convert to Google or Alphabet stock. Article continues below advertisement.
Is Fitbit stock removed from brokerage account?
Consequently, Fitbit stock will be removed from your brokerage account. You can decide whether to use the cash to buy Google stock. Article continues below advertisement. Google parent Alphabet's stock currently trades at more than $1,730 per share.
Why is Google acquisition important?
From a qualitative prospective, it seems like Google’s acquisition is important to their future. Because Google has control over a full range of scheduling and health based IOS apps, it becomes increasingly important for Google to monetize the user data they’re collecting.
What are the factors that influence M&A deals?
One must weigh in both, the intrinsic and extrinsic factors which influence M&A deals overall: antitrust rulings, geopolitical factors, game theory, etc. For instance, some groups are urging antitrust enforcers to block the deal on the grounds that it will give Google even more data about American consumers.
Who is the CEO of DuckDuckGo?
Gabriel Weinberg. , CEO & Founder, DuckDuckGo (2008-present) Updated May 13, 2021. You may know that Google is tracking you, but most people don't realize the extent of it. Luckily, there are simple steps you can take to dramatically reduce Google's tracking.
Is Apple Watch a stand alone device?
The Apple Watch has simultaneously constrained the business of stand-alone devices like Fitbit’s, and also demonstrated a very robust model for adding value to its customers while simultaneously accumulating more user data and tying users more closely to the Apple App Store/iOS ecosystem, where they can be monetized.
Does Fitbit own Google stock?
Officially , you own a google stock as it is bought by the parent of google.It means that there will be a technological and look changes in the present fitbit, it will increase the sales of the fitbit as google is going to work on the device’s look and technlogy , add new features and make it different and more convenient for users now , hope that it will not do it like motorola.
